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Summary:

Axiata’s Hello to merge with Smart, to own 90% of combined entity Axiata has announced a strategic merger of its Cambodian operations, Hello Axiata, and Latelz Company (which operates under the Smart brand name). The cash consideration for the merger would be US$155m with Axiata holding a 90% stake in the combined entity. As part of the merger exercise, Axiata Investment (Cambodia) will acquire Glasswool Holdings Ltd from Timeturns Holdings Ltd, which will be the sole owner of Latelz, upon completion of the transaction.

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